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TheStreet Open House

Avnet Memec Named Finisar Distributor Of The Year In North America

Stock quotes in this article: AVT

Avnet Memec, a division of Avnet Electronics Marketing Americas, a business region of Avnet, Inc. (NYSE: AVT), today announced that it has received the Distributor of the Year award from Finisar Corporation, the world’s largest supplier of fiber optic components and subsystems.

Click to Tweet: Avnet Memec receives Finisar Distributor of the Year award. http://bit.ly/13MKBnp

“Our team works to match Finisar products with both the new and existing clients that need them,” said Ed Smith, president of Avnet Electronics Marketing Americas. “Receiving this award is really a statement both about the quality of the Finisar products and our ability to follow best practices across our business.”

“Avnet has been very proactive in our relationship and makes it easy to do business together,” said Todd Swanson, executive vice president of sales and marketing with Finisar Corporation. “In the past year, they’ve helped us strategically diversify our customer base, and create opportunities that will fuel our future success. Their team really earned this award.”

The award is given each year to a single Finisar distributor that demonstrates consistent revenue growth, design wins with new and existing customers, new market penetration, alignment with Finisar strategy, proactive communications, ease of doing business, and positive customer relationships.

Avnet Memec also received the Finisar Distributor of the Year award in 2006.

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About Finisar

Finisar Corporation (NASDAQ: FNSR) is a global technology leader for fiber optic subsystems and components that enable high-speed voice, video and data communications for telecommunications, networking, storage, wireless, and cable TV applications. For 25 years, Finisar has provided critical optics technologies to system manufacturers to meet the increasing demands for network bandwidth. Finisar is headquartered in Sunnyvale, California, USA with R&D, manufacturing sites, and sales offices worldwide. For additional information, visit www.finisar.com.

About Avnet Electronics Marketing

Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc. that serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in more than 70 countries, distributing electronic components from leading manufacturers and providing associated design-chain and supply-chain services. The group's website is located at www.em.avnet.com.

About Avnet, Inc.

Avnet, Inc. (NYSE: AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2012, Avnet generated revenue of $25.7 billion. For more information, visit www.avnet.com.



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